China and US are reportedly discussing corn purchases ahead of the Trump-Xi summit, Bloomberg reports
The reports of China and the US discussing corn purchases ahead of the Trump-Xi summit signal potential easing of trade tensions, which could positively impact agricultural commodities.
A memo between the US and Ukraine outlines the terms of a defense deal between the two countries, CBS reports; It would allow Ukraine to export its military tech to the US and manufacture drones in joint ventures with American companies
"Israeli Channel 12: Estimates in Israel that Houthis [Yemen] launched two drones towards Eilat, Israel", Al Jazeera reports
China and US are reportedly discussing corn purchases ahead of the Trump-Xi summit, Bloomberg reports
South African Manufacturing Production YoY (Mar) Y/Y 0.9% (Prev. -2.8%)
South African Manufacturing Production MoM (Mar) M/M 0.8% (Prev. -2.2%)
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This discussion might indicate not only immediate supply considerations but also a willingness to engage in constructive dialogue, leading to optimism in risk assets. Watch for reactions in the agricultural sector and how this could influence related currencies or commodities, particularly corn prices.
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